HARARE, Sept 27 (Reuters) - Zimbabwe's central bank allowed the local gold-backed currency to fall over 40% against the dollar on Friday and hiked its policy rate, giving in to weeks of sustained ...

(Bloomberg) -- Zimbabwe raised interest rates and devalued its gold-backed currency by 43%, following persistent weakness in the ZiG amid deep skepticism that the nation’s latest bid to create a ...

As people struggle to access Zimbabwe’s newest currency, the ZiG (Zimbabwe Gold), illegal money changers across the country are emerging, offering higher rates of exchange for those in desperate need ...

Huayou and Tsingshan didn’t respond to request for comments. Zimbabwe has emerged as a significant producer of lithium in the last two years after a spike in prices through 2021 and 2022 fueled ...

The remains of 49 liberation fighters, who died in exile in Zimbabwe and Zambia, are expected to be returned to South Africa on Wednesday. The remains will be received by Defence and Military Veterans ...

ZIMBABWE is facing a big challenge: how to protect its economy from climate change, while also growing and developing. At the recent Zimbabwe Economic Development Conference in Victoria Falls, we ...

Zimbabwe’s central bank governor John Mushayavanhu said he will consider using the country’s reserves to protect the bullion-backed currency against severe market disruptions. Mushayavanhu ...

A man shows new Zimbabwe gold-backed currency after withdrawing from a local bank in Harare on April 30, 2024. Reuters Zimbabwe has lost more than $3 billion in potential revenue due to exchange rate ...

Zimbabwe and Namibia have announced plans to slaughter hundreds of wild elephants and other animals to feed hunger-stricken residents amid severe drought conditions in the southern African countries.

Zimbabwe is preparing to cull 200 elephants in response to a severe drought and rising ecological pressures, according to an announcement made last week by Environment Minister Sithembiso Nyoni in ...

Large deposits of lithium exist in Argentina, Chile, Brazil, Bolivia, Canada, the US, Australia, Portugal, Namibia, Zimbabwe and Ghana. Zimbabwe is the largest producer of lithium in Africa ...

Zimbabwe will cull 200 wild elephants to feed communities facing severe hunger during the worst drought in four decades, wildlife authorities have said. The drought has wiped out crops in southern ...